| Total Program
Funds |
15
Million |
| Interest Rates |
-
5.99% -
with
4% DPA - Limited to 2.1 million in First Mortgage Allocation
-
5.99% - Low Rate
6.55% -
Assisted
Rate 4%
|
| Origination
&
Discount |
0% / 0% |
| Eligible Areas |
Duval County |
| Allocations |
Available to all
lenders
Non Target
Targeted
|
| Loan Commitments
Time Line |
45 - All Loans by the 45th day of reservation must
have an Underwriting Certification or will be
automatically cancelled.
85 - All Loans must be closed &
delivered within 85 days of reservation
or will be
automatically cancelled.
115
- All Loans must be
purchased within 115 days of reservation. |
| Participating
Lenders |
-
BB & T
- CTX
- Chase
- Countrywide
- DHI
- First
Atlantic Bank
- First Bank
Mtg
- MHI
- Wells Fargo
|
| Income Limits |
Family 1-2 $78,120
3+ $91,140 |
| Acquisition
Limits |
Non Target -
$247,500
New &
Existing
Target
-
$302,500
New &
Existing
|
| Final Purchase
Date - |
12/29/2009
115 days - each loan has it's own FINAL
date reservation to purchase is 115 days. |
Copyright ©
2009 Housing and Development Software. 